3096 results returned for search: "" category "International Business"
A.M. Best Co. reported that it has upgraded the financial strength rating to A (Excellent) from A- (Excellent) and the issuer credit rating to ‘a’ from ‘a-’ of Flagstone Reassurance Suisse S.A.
The outlook for both ratings is stable.
Best said: “The ...
DATE: Sep 27, 2013
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CATEGORY:
International Business
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AM Best Co has announced they have upgraded the financial strength rating to A+ (Superior) from A (Excellent) and issuer credit ratings (ICR) to ‘aa-’ from ‘a+’ of AXIS Specialty Limited (AXIS) and its operating affiliates.
Concurrently, AM Best has ...
DATE: Sep 26, 2013
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CATEGORY:
International Business
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Tokio Millennium has given a third donation of $10,000 to support BFIS, the Bermuda Foundation For Insurance Studies.
It is the third donation to BFIS from the global reinsurer.
BFIS Chairman, Michael Fisher thanked Tatsuhiko Hoshina, president and C...
DATE: Sep 25, 2013
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CATEGORY:
International Business
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In a senior executive reshuffle, Aon Plc has named Eric Andersen head of the Aon Benfield reinsurance operation and Mike O’Connor to lead the Aon Risk Solutions unit.
Both executives will report to Steve McGill, group president of Aon and chief execu...
DATE: Sep 25, 2013
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CATEGORY:
International Business
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A free database launched yesterday from Bermuda, for the first time, makes the health of the world’s coral reefs visible for all to see.
“The dramatic decline of coral reefs has been hidden from the world for too long,” said Richard Vevers, project d...
DATE: Sep 24, 2013
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CATEGORY:
International Business
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BlackBerry has agreed to sell itself for $4.7 billion to a group led by largest shareholder, Fairfax Financial Holdings Ltd.
BlackBerry said yesterday that a letter of intent has been signed and its shareholders will receive $9 in cash for each share...
DATE: Sep 24, 2013
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CATEGORY:
International Business
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Bermuda stands to benefit greatly from a scientific initiative launched and funded by Catlin Group, which is giving the re/insurer global recognition.
The freely available Catlin Global Reef Record went live yesterday with data and tens of thousands ...
DATE: Sep 24, 2013
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CATEGORY:
International Business
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Jardine Lloyd Thompson Group plc (JLT) and Towers Watson have announced that JLT will acquire the reinsurance brokerage business of Towers Watson.
The cost of the deal is reported as $250 million.
A Towers Watson release stated that upon completion, ...
DATE: Sep 21, 2013
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CATEGORY:
International Business
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PartnerRe has provided an initial estimate of German hailstorm losses.
The Bermuda re/insurer said it estimated the cost of the storms in the last week of July will be between $50 million and $60 million pre-tax and net of retrocession and reinstatem...
DATE: Sep 20, 2013
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CATEGORY:
International Business
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Business Insurance is reporting today that Bermuda-based runoff consolidator Catalina Holdings (Bermuda) Ltd. has signed an agreement to acquire Alea Group Holdings (Bermuda) Ltd. from FIN Acquisition Ltd., a subsidiary of investment funds managed by...
DATE: Sep 19, 2013
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CATEGORY:
International Business
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